Keeping Tracker Mortgage After Divorce

S

Strongback

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My divorce is complete, as part of the settlement I am taking on the family home. The mortgage during marriage was in both names but I must now apply for a mortgage solely in my own name. My application is currently being made and I will need to pass an affordability test.

The existing mortgage held during the marriage in joint names is a tracker mortgage. I have solely paid this for the past 5 years and continue to pay it.

Does anybody know if there are examples of people in my situation being able to keep tracker mortgages. I understand I will need a new mortgage but just trying to figure out if there is any precedent for people keeping tracker mortgages post divorce?
 
Gordon Gekko said:
And do you want to in this new interest rate environment?
Click to expand...
Sure you can get a government grant to ease the pain of higher interest rates after having years of paying virtually no interest at all! :rolleyes:

But in answering the OP, the bank will probably try to add a margin to the tracker rate.
 
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